Welcome!

News Feed Item

iTradeNetwork Delivers Simplicity, Accuracy, and Efficiency to the Food Industry's Rebate Billback Process

iTradeNetwork's Enhanced Billback Solution to Save Food Manufacturers and Distributors Significant Time and Expense by Improving Efficiencies and Reducing Overpayments

PLEASANTON, CA -- (Marketwired) -- 01/27/14 -- iTradeNetwork, Inc. the leading provider of supply chain management and intelligence solutions to the food industry, today announced the general availability of the iTradeNetwork Enhanced Billback Solution. This new cloud-based solution simplifies and standardizes the way rebate claims are requested, verified, and managed. The Enhanced Billback Solution is the latest addition to iTradeNetwork's comprehensive suite of optimization solutions that bring efficiency and improve the accuracy of data within the billions of transactions that occur between trading partners across the food industry every year.

The iTradeNetwork Enhanced Billback Solution helps manufacturers and distributors address the time-consuming and error-laden tasks associated with verifying rebate billback claims and payment accuracy.

The Enhanced Billback Solution:

  • Provides a simple and standards-based way for distributors and other buying organizations to electronically submit billback reports to manufacturers
  • Enables real-time synchronization with trading partner's product catalogs to ensure data accuracy and consistency
  • Establishes a normalized integration source for billback claims to the manufacturer from distributors and other buying organizations
  • Presents manufacturers and distributors with a simple and common web based user interface for reviewing, editing, and verifying billback claims
  • Ensures that each line item is presented using the manufacturer's product identification codes, eliminating manual data mapping steps
  • Provides the ability to compare contract terms and actual sales data so that discrepancies can be quickly identified and addressed

The new solution has been piloted with existing iTradeNetwork customers.

"iTradeNetwork's Enhanced Billback Module helps us to simplify and automate our most unwieldy financial processes with a simple, cost-saving solution," said Brad Dowie, Trade Marketing Manager for Ocean Spray. "We now process rebate claims with better accuracy and in less than half the time than previously possible. This helps us to improve customer satisfaction while also having a positive impact on our bottom line."

"Billbacks are an important part of the relationship between distributors and manufacturers. Quickly reconciling and ensuring accuracy is a major pain point," said Joe Bergera, President of iTradeNetwork. "In order to address the problem, we leveraged our data management and business process expertise to automate cumbersome workflows, eliminate errors, and streamline the experience for all parties."

"The Billback process, while sounding simple, can get complex when a manufacturer and distributor work independently," said Lora Cecere, Founder and CEO, Supply Chain Insights. "iTradeNetwork's solution is designed to be collaborative, enabling a common and real-time view of the qualifying transactions. This can improve accuracy and drives down cost."

About iTradeNetwork, Inc.
iTradeNetwork, Inc. is the leading global provider of on-demand supply chain management and intelligence solutions to the retail, hospitality, and foodservice industries. Built upon deep industry expertise, a rich data foundation, and an extensive trading partner network, iTradeNetwork's collaborative solutions allow distributors, manufacturers, operators, retailers, suppliers and wholesalers of all sizes to reduce cost, grow revenue, and strengthen trading partner relationships. iTradeNetwork is a unit of Roper Industries, a Standard and Poor's S&P 500 index company.

© 2014 iTradeNetwork, Inc. All rights reserved. iTradeNetwork and the iTradeNetwork logo design are either registered trademarks or service marks of iTradeNetwork, Inc. in the United States and/or other countries. All other trademarks and registered trademarks are property of their respective holders.

Carrie Gilbert
925-660-1374
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Dave McCarthy, Director of Products at Bsquare Corporation; Alan Williamson, Principal ...
DevOps and microservices are permeating software engineering teams broadly, whether these teams are in pure software shops but happen to run a business, such Uber and Airbnb, or in companies that rely heavily on software to run more traditional business, such as financial firms or high-end manufacturers. Microservices and DevOps have created software development and therefore business speed and agility benefits, but they have also created problems; specifically, they have created software securi...
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
"There is a huge interest in Kubernetes. People are now starting to use Kubernetes and implement it," stated Sebastian Scheele, co-founder of Loodse, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, John Jelinek IV, a web developer at Linux Academy, will discuss why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Providing secure, mobile access to sensitive data sets is a critical element in realizing the full potential of cloud computing. However, large data caches remain inaccessible to edge devices for reasons of security, size, format or limited viewing capabilities. Medical imaging, computer aided design and seismic interpretation are just a few examples of industries facing this challenge. Rather than fighting for incremental gains by pulling these datasets to edge devices, we need to embrace the i...
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
In his session at DevOps Summit, Tapabrata Pal, Director of Enterprise Architecture at Capital One, will tell a story about how Capital One has embraced Agile and DevOps Security practices across the Enterprise – driven by Enterprise Architecture; bringing in Development, Operations and Information Security organizations together. Capital Ones DevOpsSec practice is based upon three "pillars" – Shift-Left, Automate Everything, Dashboard Everything. Within about three years, from 100% waterfall, C...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walked through how Octob...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.